Does Public Transit Use Enhance The Economic Efficiency Of Urban Areas?
Source: Cornell University
A variety of arguments are made in favor of public investments in mass transit. Some relate to its environmental advantages over auto use, and these have some scientific evidence supporting them. Other arguments relate to the benefits of mass transit in making urban economies more efficient by enhancing employer access to a larger labor poor at lower transport costs. However, the evidence supporting the economic efficiencies of public transit in terms of more efficient labor markets is limited. This study explores the relationship between the scale of public transit services in the office rents and large urban areas of the United States and the efficiency of those urban economics.